The most popular areas in Hungary when buying a home

The popularity of an area can be measured by how many homes are bought and how often the apartment changes owners. According to a recent survey, in addition to the districts of the Hungarian capital, the Tatabánya region is also popular.

Rotational speed is a concept that shows in the real estate market how much of the housing stock in a given area has changed owners. This is always measured in a predetermined time period, and in this case, we examine the year 2020 with the help of portfolio.hu.

The number of transactions fell last year.

Therefore, fewer apartments changed hands in 2020 than in 2019. According to the value map of OTP Residential Property, the turnover rate in 111 areas does not reach 1%. A rotation rate of 1% means that the entire residential property stock in that area would have a new owner in 100 years.

The rotational speed was above 1.6% in the most popular areas. Such a rate was determined in 11 districts of Budapest, in addition to Siófok, Tatabánya, Veszprém, Debrecen, Dunaújváros, Nyíregyháza, Kazincbarcika, and Salgótarján. At the other end of the list are areas with small towns. These include, for example, Kiskunmajsa, Tokaj, and Sárospatak.